5 Best Depressed Stocks To Invest In

1. KnowBe4, Inc. (NASDAQ:KNBE)

Number of Hedge Fund Holders: 18

Share Price (as of January 4): $21.77

Share Price Decline Over The Last Six Months: 30%

KnowBe4, Inc. (NASDAQ:KNBE) provides security awareness training, and a platform to simulate phishing attacks that educate businesses on how to tackle cybercrime. The company has a scalable model and is a unique play on the under-penetrated market in the cybersecurity segment, which is the human training element. KnowBe4, Inc. (NASDAQ:KNBE) launched its IPO in April 2021 and has since posted strong growth and solid financials. For the third quarter, revenue stood at $64.09 million, which beat analysts’ forecasts by $2.81 million. EPS for Q3 was $0.01, above estimates by $0.01.

In December, KnowBe4, Inc. (NASDAQ:KNBE) completed the acquisition of SecurityAdvisor, in a deal worth $80 million. This will boost the company’s security awareness platform, and provide long-term growth catalysts by working on the human defense layer (HDR) that prevents social engineering cybercrime.

Investors were seen grabbing KnowBe4, Inc. (NASDAQ:KNBE) stock, as 18 hedge funds held stakes in the company at the close of the third quarter, up from 9 in the previous quarter.

On November 4, Goldman Sachs analyst Brian Essex upgraded KnowBe4, Inc. (NASDAQ:KNBE) to ‘Buy’ from ‘Neutral’, upping the price target to $34 from $33, whilst noting that demand will remain strong heading into 2022 as human interaction remains a weak link in a global IT environment plagued by cyber threats to enterprises.

You can also take a look at 10 Best Stocks Under $10 to Buy Right Now and 16 Largest Financial Services Companies.

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